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NYSE: HD
Home Depot Inc Stock Forecast, Predictions & Price Target

Analyst price target for HD

Based on 15 analysts offering 12 month price targets for Home Depot Inc.
Min Forecast
$300.00-10.7%
Avg Forecast
$339.80+1.15%
Max Forecast
$386.00+14.9%

Should I buy or sell HD stock?

Based on 15 analysts offering ratings for Home Depot Inc.
Strong Buy
Strong Buy
10 analysts 66.67%
Buy
3 analysts 20%
Hold
2 analysts 13.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

HD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Jefferies
Top 42%
59
Strong BuyMaintains$369.00+9.84%2021-08-18
Raymond James
Top 6%
95
BuyMaintains$360.00+7.17%2021-08-16
Credit Suisse
Top 44%
57
BuyMaintains$330.00-1.77%2021-05-20
Piper Sandler
Top 5%
96
HoldMaintains$310.00-7.72%2021-05-19
DA Davidson
Top 3%
98
HoldMaintains$317.00-5.64%2021-05-19
Loop Capital
Top 18%
83
Strong BuyMaintains$370.00+10.14%2021-05-19
Anonymous
Morgan Stanley
Strong BuyMaintains$345.00+2.70%2021-05-19
RBC Capital
Top 6%
95
BuyMaintains$386.00+14.90%2021-05-19
Citigroup
Top 22%
79
Strong BuyMaintains$375.00+11.63%2021-05-04
JP Morgan
Top 16%
85
Strong BuyMaintains$330.00-1.77%2021-04-19

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Forecast return on equity

Is HD forecast to generate an efficient return?
Company
792.54%
Industry
-25.04%
Market
2,556.64%
HD's Return on Equity is forecast to be high in 3 years (792.54%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is HD forecast to generate an efficient return on assets?
Company
23.17%
Industry
17.68%
Market
1,250.14%
HD is forecast to generate higher Return on Assets (23.17%) than the US Consumer Cyclical industry average (17.68%)
Forecast

HD earnings per share forecast

What is HD's earnings per share in the next 3 years based on estimates from 13 analysts?
Avg 1 year Forecast
$14.45+1.29%
Avg 2 year Forecast
$15.05+5.47%
Avg 3 year Forecast
$15.54+8.88%
HD's earnings are forecast to grow at a rate of 2.97% per year, which is not exceptional
Forecast

HD revenue forecast

What is HD's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$145.0B+0.38%
Avg 2 year Forecast
$145.3B+0.59%
Avg 3 year Forecast
$148.5B+2.84%
HD's revenue is forecast to grow at a rate of 0.71% per year, which is not exceptional
Forecast

HD earnings growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
2.97%
Industry
23.42%
Market
18.71%
HD's earnings are forecast to grow slower (2.97% per year) than the US Consumer Cyclical industry average (23.42%)
Forecast
HD's earnings are forecast to grow slower (2.97% per year) than the US market average (18.71%)
Forecast
HD's earnings are forecast to grow faster (2.97% per year) than the risk-free savings rate (1.3%)
Forecast

HD revenue growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
0.71%
Industry
15.9%
Market
12.32%
HD's revenues are forecast to grow slower (0.71% per year) than the US Consumer Cyclical industry average (15.9%)
Forecast
HD's revenues are forecast to grow slower (0.71% per year) than the US market average (12.32%)
Forecast

Home Depot Stock Forecast FAQ

Is Home Depot Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: HD) stock is to Strong Buy HD stock.

Out of 15 analysts, 10 (66.67%) are recommending HD as a Strong Buy, 3 (20%) are recommending HD as a Buy, 2 (13.33%) are recommending HD as a Hold, 0 (0%) are recommending HD as a Sell, and 0 (0%) are recommending HD as a Strong Sell.

What is HD's earnings growth forecast for 2022-2024?

(NYSE: HD) Home Depot's forecast annual earnings growth rate of 2.97% is not forecast to beat the US Consumer Cyclical industry's average forecast earnings growth rate of 23.42%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.71%.

Home Depot's earnings in 2021 is $15,241,000,000.On average, 13 Wall Street analysts forecast HD's earnings for 2022 to be $15,254,787,807, with the lowest HD earnings forecast at $14,247,342,396, and the highest HD earnings forecast at $15,777,612,505. On average, 12 Wall Street analysts forecast HD's earnings for 2023 to be $15,883,148,375, with the lowest HD earnings forecast at $13,624,680,765, and the highest HD earnings forecast at $16,685,220,984.

In 2024, HD is forecast to generate $16,397,635,739 in earnings, with the lowest earnings forecast at $14,680,039,461 and the highest earnings forecast at $17,413,418,484.

What is HD's revenue growth forecast for 2022-2024?

(NYSE: HD) Home Depot's forecast annual revenue growth rate of 0.71% is not forecast to beat the US Consumer Cyclical industry's average forecast revenue growth rate of 15.9%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.32%.

Home Depot's revenue in 2021 is $144,415,000,000.On average, 10 Wall Street analysts forecast HD's revenue for 2022 to be $152,995,344,882,327, with the lowest HD revenue forecast at $148,492,451,210,897, and the highest HD revenue forecast at $155,822,656,105,704. On average, 10 Wall Street analysts forecast HD's revenue for 2023 to be $153,310,905,575,300, with the lowest HD revenue forecast at $141,070,535,645,407, and the highest HD revenue forecast at $157,363,057,658,386.

In 2024, HD is forecast to generate $156,735,316,586,342 in revenue, with the lowest revenue forecast at $147,280,055,140,932 and the highest revenue forecast at $162,688,819,781,880.

What is HD's forecast return on assets (ROA) for 2022-2024?

(NYSE: HD) forecast ROA is 23.17%, which is higher than the forecast US Consumer Cyclical industry average of 17.68%.

What is HD's Price Target?

According to 15 Wall Street analysts that have issued a 1 year HD price target, the average HD price target is $339.80, with the highest HD stock price forecast at $386.00 and the lowest HD stock price forecast at $300.00.

On average, Wall Street analysts predict that Home Depot's share price could stay at $339.80 by Aug 18, 2022. The average Home Depot stock price prediction forecasts a potential downside of N/A from the current HD share price of $335.93.

What is HD's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: HD) Home Depot's current Earnings Per Share (EPS) is $14.27. On average, analysts forecast that HD's EPS will be $14.45 for 2022, with the lowest EPS forecast at $13.50, and the highest EPS forecast at $14.95. On average, analysts forecast that HD's EPS will be $15.05 for 2023, with the lowest EPS forecast at $12.91, and the highest EPS forecast at $15.81. In 2024, HD's EPS is forecast to hit $15.54 (min: $13.91, max: $16.50).

What is HD's forecast return on equity (ROE) for 2022-2024?

(NYSE: HD) forecast ROE is 792.54%, which is considered strong.
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